The State of Florida is home to over 20 million people and is one of the most populated states in the country. Due to the warm weather, it is very common for people to move to the area to escape cold winters. In many cases, people may choose to rent a home as opposed to buying one. When renting a new home in the state, it is essential to make sure that you have the proper insurance coverage. One type of insurance coverage that residents in the state should have is renters insurance.
Renters Insurance Requirements
Unlike other types of insurance, renters insurance is not required in the state of Florida. While it is not required under state law, it is still a very common provision under lease agreements. If you do not carry and provide evidence of your renter's insurance policy, it could put you in violation of your lease agreement, which could lead to a variety of penalties.
Types of Coverage Provided
While renters insurance is not required by law and may not be required under your lease, it is still a good idea to have a full policy in place. Renters insurance will provide you with a variety of different types of coverage. The primary type of coverage you will receive is for personal property. In the event your rental property is damaged, or if you are a victim of robbery or vandalism, your insurance will provide you with coverage up to the limits of your policy.
In addition to personal property coverage, you will also receive liability protection. If you have a guest at your rental home, you could be found liable if they are injured while onsite. The liability protection will provide you with coverage for these incidents.
If you are renting a new property in Florida, contacting Frederick Insurance to acquire a renters insurance policy is essential. Frederick Insurance will help you to understand your renter's insurance needs better and get you into a policy with the right coverage.